Moxian (BVI) Inc engages in internet media marketing business in Hong Kong, China, and Malaysia. The company operates online-to-offline business that provides an online platform for small and medium sized enterprises with physical stores to conduct business online, interact with existing customers, and obtain new ones. It also operates the Games Channel, an application that develops contacts with the mobile gaming industry in China. The company was founded in 2013 and is based in Tsim Sha Tsui, Hong Kong.
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While a major public company with the symbol ABTS and the name Abits could not be definitively identified, if such a technology-focused company existed, its major services would plausibly include:
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Cloud Computing Infrastructure: Provides scalable and secure cloud infrastructure-as-a-service (IaaS) solutions, including virtual machines, storage, and networking, for enterprises globally.
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Data Analytics and AI Solutions: Offers advanced platforms and consulting services for big data processing, predictive analytics, and custom artificial intelligence model development to extract actionable insights.
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Cybersecurity & Digital Trust Services: Delivers comprehensive cybersecurity solutions encompassing threat detection, data encryption, identity management, and compliance auditing to protect digital assets.
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Software Development & Integration: Provides custom software development, system integration, and application modernization services to enhance operational efficiency and digital transformation for clients.
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Upon reviewing public financial data and stock market listings, it appears that "Abits" with the stock symbol "ABTS" is not a real public company. As such, I cannot identify its actual major customers.
However, to demonstrate how I would answer your request for a real company, let's consider a hypothetical scenario:
Hypothetical Scenario: Abits (ABTS) as a B2B Enterprise Software Company
Let's imagine that Abits (ABTS) is a public company that specializes in providing advanced enterprise software solutions, particularly in the areas of cloud computing infrastructure and data management, primarily serving other businesses (B2B).
Major Customers:
- Global Technology & Cloud Service Providers: These companies utilize Abits' underlying infrastructure software and services to power their own cloud offerings and data centers for their vast customer bases.
- Hypothetical Example Customer: Oracle Corporation (ORCL)
- Hypothetical Example Customer: International Business Machines Corp. (IBM)
- Large Financial Services Firms: These institutions leverage Abits' secure data management and analytics platforms for critical operations, compliance, risk assessment, and customer relationship management.
- Hypothetical Example Customer: JPMorgan Chase & Co. (JPM)
- Telecommunications Companies: Telecom giants use Abits' solutions to manage vast networks, subscriber data, and develop new services efficiently and securely.
- Hypothetical Example Customer: Verizon Communications Inc. (VZ)
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Conglin Deng (Forrest Deng) Chief Executive Officer & Director
Mr. Deng was appointed Chief Executive Officer of Abits Group Inc. in September 2021 and has served as a director of the company since August 9, 2021. He directly owns 17.67% of the company's shares.
Wanhong Tan Chief Financial Officer & Board Secretary
Mr. Tan, 59, began his career at KPMG Kuala Lumpur in 1980, where he was promoted to Resident Manager of the Penang Office. In 1983, he became Financial Controller at Island & Peninsular, a property group listed on the Stock Exchange of Kuala Lumpur. He then joined Sime Darby, Malaysia's largest Asian-based conglomerate, holding various senior leadership positions in Kuala Lumpur, Hong Kong, and Beijing for eighteen years until 2004. In 2007, Mr. Tan undertook an assignment with Hong Leong Asia in Singapore, working for its NYSE-listed subsidiary in China. He later served for six years as the Head of Investor Relations for 361 Degrees International, a sportswear group listed on the Stock Exchange of Hong Kong. Mr. Tan trained with Grant Thornton in Liverpool, UK, and was admitted as an Associate of the Institute of Chartered Accountants (England and Wales) in 1980.
Christopher Silva Vice President of HR and Business Development
Mr. Silva was appointed Vice President of HR and Business Development at Abits Group Inc. effective May 1, 2024, bringing over 30 years of experience in human capital management, talent acquisition, and business development. From 2017 to January 2019, he was the Vice President of Business Development at Bitmain/Bitdeer, where he was responsible for acquiring and launching Data Centers in the North American Region. He was also a founding member of GRIID Infrastructure LLC from January 2019 to 2022, serving as Vice President of Business Development & HR, responsible for establishing their initial sites in the Tennessee Valley area. In 2023, he joined Eagle Creek Renewable Energy as an Executive Director to support Talent Acquisition and Bitcoin Mining strategy.
Boon Ooi Vice President of Creative & Marketing
No specific background information for Mr. Ooi is available in the provided sources.
Zhongwen Chen Vice President of Corporate Affairs
No specific background information for Mr. Chen is available in the provided sources.
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Abits Group Inc. (NASDAQ: ABTS) operates in two primary markets: Bitcoin mining in the United States and Internet media marketing in China.
Bitcoin Mining
The global cryptocurrency mining market is valued at $2.75 billion in 2025. Total mining revenue is projected to reach $20.4 billion in 2025, with Bitcoin mining specifically contributing an estimated $13.5 billion globally. The global Bitcoin miner market size was valued at USD 11.19 billion in 2024 and is projected to grow to USD 14.17 billion in 2025, with a compound annual growth rate (CAGR) of 26.7% through 2033.
In the United States, which leads with 44% of Bitcoin's global hash rate, the cryptocurrency mining hardware market generated a revenue of USD 628.7 million in 2023 and is expected to reach USD 1,187.1 million by 2030, growing at a CAGR of 9.5% from 2024 to 2030. North America is a dominant region in the cryptocurrency mining market due to access to low-cost energy sources and a favorable business infrastructure.
Internet Media Marketing in China
The digital advertising market in China generated a revenue of USD 53,438.5 million in 2024 and is expected to reach USD 145,389.8 million by 2030, growing at a CAGR of 18% from 2025 to 2030. Another projection indicates that China's digital advertising market spending is projected to hit US$189.0 billion in 2024. The market is anticipated to grow at a CAGR of approximately 11% to 14% from 2023 to 2030.
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Expected Drivers of Future Revenue Growth for Abits (ABTS)
Abits Group Inc. (NASDAQ: ABTS) is expected to drive future revenue growth over the next 2-3 years through several key strategies related to its Bitcoin mining operations and expansion initiatives.
Here are 3-5 expected drivers of future revenue growth:
* Expansion of Mining Capacity and Facilities: Abits has demonstrated a clear strategy of expanding its operational footprint and mining capabilities. This includes the acquisition of new Antminer machines and the establishment of new facilities, such as the 10MW hosting facility in Memphis, Tennessee, which began operations in April 2025 and is expected to significantly boost production. The company secured a $3.0 million loan in March 2025 to fund the purchase of new Antminer S19XP machines for this expansion. This increase in infrastructure directly translates to a higher potential for Bitcoin mining output.
* Growth in Hosting Contracts: Beyond self-mining, Abits aims to secure additional hosting contracts to enhance its revenue streams. The company explicitly stated its intention to maintain strict cost control and secure more hosting contracts to improve its revenue, particularly in the wake of Bitcoin halving events. The Memphis facility is also operating under a hosting joint-venture with the local utility board, indicating a focus on this service.
* Bitcoin Price Appreciation: As a Bitcoin mining company, Abits' revenue is directly influenced by the price of Bitcoin. While the halving of mining rewards impacts the quantity of Bitcoin mined, an improvement in the average price of Bitcoin, as seen in the first half of 2025 where it rose to $95,843 (from $59,628 in 2024), can significantly compensate for reduced output and drive revenue growth. Continued appreciation in Bitcoin's value would be a substantial driver.
* Operational Efficiency and Cost Management: While not a direct revenue generator, improvements in operational efficiency and stringent cost control are crucial for enhancing profitability and sustaining growth, which can then be reinvested into further revenue-generating activities. Abits has focused on improving its water supply, implementing hydro cooling methods to reduce noise and dust, and maintaining a low electricity cost per kWH, all contributing to better operating margins even amidst higher natural gas rates. These efficiencies enable the company to maximize the value from its mining operations and support overall financial health, indirectly fueling future revenue initiatives.
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Share Repurchases
- Abits Group authorized an extension and increase of its share repurchase program on June 13, 2023, to repurchase up to $5,000,000 of common stock over the subsequent 24-month period.
- From the inception of the share repurchase program through June 30, 2024, the company repurchased an aggregate of 10,098,241 shares at a total cost of $19,583,396 (exclusive of commissions).
- During the six months ended June 30, 2024, Abits Group repurchased 457,445 shares for $870,480 (exclusive of commissions).
Share Issuance
- Abits Group has 2.37 million shares outstanding, with a negligible year-over-year change of 0.00% and a quarter-over-quarter change of +0.01%.
- Shareholders approved a share consolidation (reverse stock split) in December 2024, with a ratio between one-for-six and one-for-fifteen, aimed at optimizing the company's capital structure.
Inbound Investments
- On October 30, 2024, Abit USA, Inc., a wholly-owned subsidiary of Abits Group Inc., secured a $3.0 million loan from an unrelated third party.
Capital Expenditures
- In the last 12 months, Abits Group's capital expenditures were -$3.93 million.
- The $3.0 million loan secured in October 2024 was specifically allocated to fund the purchase of new Antminer S19XP machines for operational expansions in Memphis, Tennessee.
- Abits Group reported investing cash flow of -$1.66 million in December 2024, -$3.36 million in December 2023, and -$32.71 million in December 2022, indicating significant capital expenditures.
